Emirates NBD Surpasses AED 28 Mark
Reported by Al Khaleej Newspaper
The Dubai Financial Market (DFM) extended its gains for the third consecutive session, rising 0.26% to 6,105 points, while the Abu Dhabi Securities Exchange (ADX) rebounded 0.48% to 10,211.50 points, supported by selective buying in leading stocks across the banking, utilities, and telecom sectors.
In Dubai, Emirates NBD shares advanced 0.9% to AED 28.15, marking a new historical high, while DEWA rose 1.4% to AED 2.85. Meanwhile, Emaar Properties slipped 0.68% to AED 14.6, Dubai Islamic Bank declined 0.5% to AED 9.6, and Emaar Development fell 1.3% to AED 15.1.
In Abu Dhabi, e& (Etisalat) gained 3.85% to AED 19.94, ADNOC Drilling increased 0.18% to AED 5.63, and First Abu Dhabi Bank (FAB) added 1% to AED 17.76, while ADNOC Gas dropped 0.8% to AED 3.53.
Total market liquidity surged to AED 37.7 billion, driven primarily by large block trades, including AED 37.1 billion in Abu Dhabi and AED 673.76 million in Dubai. Traded volumes reached 9.86 billion shares, with 9.7 billion in Abu Dhabi and 162.57 million in Dubai, across 30,205 transactions.
Among the most notable trades, Modon Holding recorded six major deals worth AED 28.97 billion involving 7.5 billion shares, followed by another AED 1.95 billion deal (542.2 million shares), and a third worth AED 4.97 billion (1.39 billion shares). Additionally, Ipex Investments saw a large transaction of AED 164 million involving 40 million shares.
Abu Dhabi Market
The ADX index advanced on gains in finance, real estate, industry, energy, and telecom sectors.
In finance, Abu Dhabi Commercial Bank fell 0.8% to AED 14.9, Abu Dhabi Islamic Bank slipped 0.37% to AED 21.66, International Holding Company (IHC) edged 0.03% lower to AED 400.1, and Multiply Group dropped 1.7% to AED 2.98, while RAK Bank dipped 0.13% to AED 7.84.
In industry, ADNOC Logistics & Services rose 0.5% to AED 5.88, Abu Dhabi Ports gained 1.3% to AED 4.73, Alpha Dhabi increased 2.33% to AED 10.1, Ipex climbed 0.5% to AED 3.95, Emsteel advanced 0.85% to AED 1.19, and NMDC Group jumped 4.9% to AED 23.1.
In real estate, Aldar Properties inched 0.1% higher to AED 9.36, and Modon Holding rose 3.12% to AED 3.64, while RAK Properties slipped 0.7% to AED 1.42 and Eshraq Investments declined 2.65% to AED 0.44.
In energy, ADNOC Distribution added 0.28% to AED 3.63, TAQA edged 0.3% higher to AED 3.37, while Borouge fell 1.57% to AED 2.5, and NMDC Energy lost 1.18% to AED 2.51, with Dana Gas and Fertiglobe remaining unchanged.
In technology, Alef Education gained 0.4% to AED 0.97, Presight rose 0.56% to AED 3.62, while Alpha Data declined 0.57% to AED 1.75, and Phoenix Group dropped 3.94% to AED 1.22.
Dubai Market
The DFM index rose, supported by gains across the finance, real estate, utilities, and industrial sectors.
In finance, Abu Dhabi Commercial Bank (dual listing) climbed 1.58% to AED 9.6, and GFH Financial Group gained 3.25% to AED 2.22, while Shuaa Capital dropped 2.25% to AED 0.217, and Dubai Islamic Bank edged down 0.5% to AED 9.6, with Amlak Finance unchanged.
In industry, Parkin advanced 1% to AED 5.58, Salik rose 0.3% to AED 6.02, Gulf Navigation added 0.55% to AED 9.05, Aramex increased 1.1% to AED 2.75, Dubai Investments gained 0.9% to AED 3.36, and Air Arabia rose 0.76% to AED 3.95, while Alec Holdings slipped 0.73% to AED 1.35, and Drake & Scull eased 0.32% to AED 0.309.
In utilities, Empower declined 1.25% to AED 1.58, and Tabreed fell 1.64% to AED 2.99.
In real estate, Deyaar dropped 0.97% to AED 1.02, Tecom fell 0.6% to AED 3.28, while Union Properties rose 1.26% to AED 0.8.
Investor Flows by Nationality
In Abu Dhabi, UAE nationals were net buyers with AED 1.8 billion, and GCC investors added AED 45.2 million in net purchases. Conversely, foreign investors recorded AED 1.87 billion in net sales, and Arab investors sold AED 2.53 million.
In Dubai, foreign and GCC investors were net buyers with AED 20.57 million and AED 23.67 million, respectively, while Arabs and UAE nationals recorded net sales of AED 4 million and AED 40.23 million.